Sunday newspaper round-up: Greece, Barclays, Italy
8th Jul 2012 17:40
The new Greek Prime Minister vowed last night to get the country out of the "dead end" created by austerity policies dictated by Europe. Antonis Samaras, outlining his coalition's programme to Parliament, confirmed that the country was not on track to meet the targets set by its international credit
Read moreSFO officially launches investigation into LIBOR
6th Jul 2012 15:27
The Serious Fraud Office (SFO) confirmed on Friday that it has officially launched a criminal investigation into the now infamous LIBOR scandal involving Barclays. Prior to this point the SFO had only said that it was considering whether there was a case to bring a prosecution. On June 27th the
Read moreLondon close: Stocks edge higher as markets digest central bank action
5th Jul 2012 16:38
- BoE ups QE; ECB and PBoC cut rates - Concerns over Chinese growth dampen sentiment - GKN rockets after acquisition, trading update, placing After a subdued morning, markets were choppy in afternoon trade on Thursday as investors took in major policy decisions by central banks in the UK, Europe an
Read moreFTSE 100 movers: GKN leaps into the top spot after acquisition
5th Jul 2012 13:15
Shares in GKN rocketed after the announcement of its acquisition of Volvo Aero for 633m pounds. To help fund the deal GKN aims to place £140m of new shares with institutional investors, with the rest of the money coming from new debt facilities. Investec reiterated its 'buy' recommendation for the
Read moreLondon midday: Stocks edge higher as BoE ups QE
5th Jul 2012 11:35
- BoE increases QE, maintains Bank Rate - ECB expected to cut refi rate to 0.75 per cent - GKN jumps higher after 633m-pound Volvo Aero purchase The Footsie was registering moderate gains in morning trade on Thursday as investors hoped that the Bank of England would inject more stimulus into the su
Read moreLondon open: Markets cautious ahead central bank decisions
5th Jul 2012 08:35
- BoE expected to increase QE - ECB predicted to slash rates - GKN rockets after Volvo Aero acquisition The FTSE 100 was flat in early trading on Thursday with markets cautious ahead of policy decisions in both the UK and Europe due after midday. The Bank of England's (BoE's) Monetary Policy Commi
Read moreLondon close: US data, stimulus hopes drive gains
3rd Jul 2012 16:35
- US factory data beats forecasts - Stimulus hopes drive gains for equity markets - Barclays choppy after CEO, COO departures Following a tentative start, the FTSE 100 surged in afternoon trade on the back of some strong factory-order data in the US. Hopes that central banks from across the globe
Read moreLondon midday: Barclays, miners provide a lift in London
3rd Jul 2012 11:44
- Investors welcome departure of Barclays CEO - Stimulus hopes drive gains for equity markets - Miners track metals prices higher Trade was choppy on Tuesday morning, but the Footsie edged higher on the back of strength in the mining sector. However, the index stayed within a narrow range with just
Read moreLondon close: Stocks surge despite US data
2nd Jul 2012 16:44
- Markets eye BoE and ECB policy decisions - US ISM data disappoints - Chinese, UK PMIs beat expectations The FTSE 100 finished near its best levels of the day on Monday as investors shrugged off disappointing US economic data and looked ahead to upcoming policy decisions in Europe and the UK with
Read moreFTSE 100 movers: Aviva rises on restructuring
2nd Jul 2012 16:01
Shares in Aviva leapt on Monday following reports which emerged over the weekend which are saying the insurance giant is set to sell or wind down between 10 and 15 of its 58 businesses. Barclays, the bank which last week was given a £290m fine for manipulating interbank lending rates, was another
Read moreLondon midday: Footsie advances as Barclays rebounds
2nd Jul 2012 11:41
- Better-than-expected manufacturing data from Asia - Eurozone jobless rate at all-time high - UK manufacturing PMI beats forecasts London's blue-chip index held on to gains on Monday morning with Barclays leading the risers as it continues to rebound after last week's sharp falls. Economic data f
Read moreMonday broker round-up
2nd Jul 2012 09:28
Amlin: Jefferies keeps hold rating and 350p target. Avocet Mining: Numis downgrades to hold, target slashed from 230p to 130p; Westhouse Securities downgrades to neutral, target cut from 262p to 102p; JP Morgan Cazenove downgrades to neutral, target cut from 240p to 100p. Barclays: Investec mainta
Read moreRBS dismisses 10 traders, PA reports
2nd Jul 2012 09:07
Royal Bank of Scotland has dismissed 10 traders in connection with the alleged manipulation of Libor rates, the Press Association (PA) reports, citing unidentified sources. It is not known when the traders were let go, the news agency said. RBS has not commented, PA reported. As of 08:57 shares of
Read moreLondon open: Asian data lifts stocks early on
2nd Jul 2012 08:30
- Chinese, Japanese data comes in better than expected - RBS falls on Libor issues - Barclays Chairman resigns London's blue chips edged higher on Monday morning after manufacturing data in China and Japan boosted sentiment. China's purchasing managers' index (PMI) fell from 50.4 to 50.2 last mont
Read moreSunday newspaper round-up: Glencore, Referendum, RBS
1st Jul 2012 12:39
David Cameron has signalled his willingness to hold a referendum on Britain's membership of the European Union in an abrupt change of tone towards Brussels. The Prime Minister had repeatedly rebuffed calls from Conservative Eurosceptics who want a legal commitment to holding a referendum. Two days a
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